It’s our belief that not enough financial literacy is taught in schools. However, that doesn’t mean we can’t inform ourselves (and our families). In keeping with National Financial Literacy Month, we’ve put together a list of our top five personal finance books. Happy reading!
The Wealthy Barber, Updated 3rd Edition – David Chilton
This book reads like a novel and has Canadian specific content. It is a gentle introduction to personal finance, with a big focus on saving. An easy read and interesting for most Canadians, especially young Canadians just starting out.
I Will Teach You to Be Rich, Second Edition – Ramit Sethi
If you are looking for a step-by-step book to approach your personal finances then this is the book for you. This six-week programme covers many of the core parts of personal finance – investing, credit cards and conscious spending. It provides a fresh look at some of these topics with concrete steps to take.
Rich Dad Poor Dad – Robert Kiyosaki
This is one of the books that our founding director read that got him interested in starting his own business. There are several books under the ‘Rich Dad Poor Dad’ brand that are very similar, so you just need to read one. Reading the original will give you a basic understanding of the advantages of owning your own business and investing.
The Simple Path to Wealth – J L Collins
This book looks how to achieve financial independence through investing. Some of the content is aimed at an American audience, but the general principles apply. You can check out the author’s blog to get a taste for some of the ideas in the book. His series of posts on stocks is a personal favourite.
Wealthing like rabbits – Robert R Brown
This book is aimed at Canadian millennials to introduce them to all aspects of personal finance from mortgages to debt repayment to investing. Written with lots of humour and pop culture. A sure winner with any young person in your life who wants to learn about personal finances.
Any favourite books you’d add to the list?